Good area to invest in dallas

Member since 2023 · 5 posts · 2 votes

Hello

I am new to real estate. I am interested in dallas market. Looking for a property in a good school district (B+) with lower property tax. What areas would you suggest? Cashflow in the initial years is not important but breaking even would be great.

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Michael McKinney

Property Manager · Fort Worth, TX · Member since 2024 · 27 posts · 13 votes

@Karan Shah The popular answer always seems to be anywhere in Collin County. However, I like the prospect of the far northwest suburbs of Fort Worth like: Haslet, Justin, Saginaw and Rhome. We've had great success in these areas!

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Rao B.
Investor · Dallas Fort Worth · Member since 2023 · 8 posts · 5 votes
2y
Quote from @Karan Shah:

Hello

I am new to real estate. I am interested in dallas market. Looking for a property in a good school district (B+) with lower property tax. What areas would you suggest? Cashflow in the initial years is not important but breaking even would be great.
North of Dallas is where growth is. Areas between Celina, Mellissa, Anna till Sherman are going to be boom towns for SFH. Cash flow in this market would be bit of challenging unless you are putting a good down payment. Good luck !!
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Bruce Lynn
Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
2y
I'd look at Anna or Sherman. Probably cash flow or break even often requires 30-40% down. There can be exceptions, but that is the standard deal. Still good growth in jobs and population. Celina and Melissa are nice places, but HOA neighborhoods are often not investor friendly in those areas and can cause a lot of problems. Some of the HOAs have become very restrictive against investors.
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Michael McKinney
Property Manager · Fort Worth, TX · Member since 2024 · 27 posts · 13 votes
2y
@Karan Shah The popular answer always seems to be anywhere in Collin County. However, I like the prospect of the far northwest suburbs of Fort Worth like: Haslet, Justin, Saginaw and Rhome. We've had great success in these areas!
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Diego AlvaradoBusiness Member
Real Estate Agent · Flower Mound, TX · Member since 2016 · 297 posts · 139 votes
2y
@Karan Shah, I will say that what Michael has mentioned is a better choice. Collin County seems to be over price, the same than Denton County, though you could find some deals there is always a challenge to find the right one.

One thing to take in mind is the maintenance cost, Fort Worth has older houses that will cause issues on the maintenance, if you are looking low maintenance you will need to look a few and identify how you fell comfortable.
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Kyle MccawBusiness Member
Property Manager · Keller, TX · Member since 2011 · 1k+ posts · 1k+ votes
2y
@Karan Shah

@Michael McKinney is dead on. Tarrant county is so overlooked by landlord investors but it seems the list of large companies building large facilities with lots of employees on the Fort Worth side is never-ending.
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Joe FunariBusiness Member
Real Estate Agent · Keller, TX · Member since 2017 · 850 posts · 825 votes
2y

@Karan Shah I am helping a lot of clients purchase in Tarrant county where Ft. Worth is located But also Wise and Parker Counties. I am seeing a lot of great investment deals in these three counties. Both @Kyle Mccaw & @Michael McKinney are spot on which cities in these counties we are finding good investment deals. I will be glad to help you with your search. Hope this helps.
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